EQS-News

elumeo SE: Jewelry retailer defies challenging market conditions in 2023 and lays foun-dation for return to profitable growth in 2024

EQS-News: elumeo SE / Key word(s): Annual Report elumeo SE: Jewelry retailer defies challenging market conditions in 2023 and lays foun-dation for return to profitable growth in 2024 30.04.2024 / 21:47 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

elumeo SE: Jewelry retailer defies challenging market conditions in 2023 and lays foundation for return to profitable growth in 2024

• The company presents consolidated figures for the fiscal year 2023.
• Total revenue remains nearly stable at EUR 45.4 million (previous year: EUR 45.8 million). Revenue from the Web distribution channel unexpectedly increases significantly to EUR 14.5 million (previous year: EUR 13.4 million).
• Adjusted EBITDA decreases to EUR -383k due to increased future investments in the TV and Web distribution channels, as well as the inflation-induced decline in gross profit margin (previous year: EUR 2.2 million).
• Gross profit margin remains above the 50% mark and decreases from 54.9% to 50.0%.
• Operating cash flow improves to EUR -0.1 million thanks to optimized working capital management (previous year: EUR -1.4 million).
• Growth program #Juwelo100: Launch of the new platform for the international expansion of Juwelo's video offering in the third quarter of 2024.
• After the introduction of JooliPay in India, the GMV (Gross Merchandise Value) of the video shopping platform grows from INR 27,366 in October 2023 to INR 407,122 in March 2024.
• Outlook for adjusted EBITDA and revenue in 2024: elumeo expects a return to profitable growth.

Berlin, 30. April 2024 – elumeo SE (ISIN DE000A11Q059), the leading electronic retailer for gemstone jewelry in Europe, presents consolidated figures for the fiscal year 2023.

The company was able to essentially maintain the revenue level of the previous year at the Group level, generating €45.4 million (2022: €45.8 million). Revenue from the Web distribution channel increased by 8.4% compared to the previous year to €14.5 million. The reason for the unexpectedly positive development was higher growth in sales in the fourth quarter of 2023, facilitated by the allocation of an additional budget for optimizing marketing channels amounting to €0.9 million.